Actually, I'm not sure if my view is correct, but I'll briefly share it. Last night, the market reacted strongly to Powell's speech, leading to a sharp rise in cryptocurrencies. However, I believe this surge is actually a false signal. The expectation of rate cuts has already been priced in for a month, and the market has absorbed this expectation. The current rise is a false breakout, and there will likely be significant volatility before rate cuts are confirmed. The uncertainty of geopolitical issues, the possibility of Japan continuing with rate hikes, the upcoming non-farm payroll data, and the election could all contribute to this. Personally, I think the market might bottom out again before the election, but in the long term, I remain bullish.

It's always wise to stay cautious and consider all factors influencing the market. Your analysis provides valuable insights into the current situation and possible future scenarios. Being prepared for potential volatility and considering various factors will help navigate through uncertain times. Thank you for sharing your perspective.